| Product Code: ETC8638666 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely on imports of wood protection coatings, with Germany, China, Singapore, South Africa, and India being the top exporting countries. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a CAGR of -15.56% from 2020 to 2024. The negative growth rate of -36.92% in 2024 highlights challenges faced by the sector, signaling a need for strategic interventions to stimulate recovery and future growth in the market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Wood Protection Coatings Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Wood Protection Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Wood Protection Coatings Market - Industry Life Cycle |
3.4 Nigeria Wood Protection Coatings Market - Porter's Five Forces |
3.5 Nigeria Wood Protection Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Wood Protection Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Nigeria leading to increased demand for wood protection coatings. |
4.2.2 Rising awareness among consumers about the benefits of using wood protection coatings for enhancing durability and aesthetics of wood products. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production of wood protection coatings. |
4.3.2 Lack of awareness and education among some consumers about the importance of using wood protection coatings. |
5 Nigeria Wood Protection Coatings Market Trends |
6 Nigeria Wood Protection Coatings Market, By Types |
6.1 Nigeria Wood Protection Coatings Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Wood Protection Coatings Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Nigeria Wood Protection Coatings Market Revenues & Volume, By Furniture & flooring, 2021- 2031F |
6.1.4 Nigeria Wood Protection Coatings Market Revenues & Volume, By Construction, 2021- 2031F |
6.1.5 Nigeria Wood Protection Coatings Market Revenues & Volume, By Art & decoration, 2021- 2031F |
6.1.6 Nigeria Wood Protection Coatings Market Revenues & Volume, By Music instruments, 2021- 2031F |
6.1.7 Nigeria Wood Protection Coatings Market Revenues & Volume, By Sports equipment industries, 2021- 2031F |
7 Nigeria Wood Protection Coatings Market Import-Export Trade Statistics |
7.1 Nigeria Wood Protection Coatings Market Export to Major Countries |
7.2 Nigeria Wood Protection Coatings Market Imports from Major Countries |
8 Nigeria Wood Protection Coatings Market Key Performance Indicators |
8.1 Number of new construction projects using wood in Nigeria. |
8.2 Percentage increase in the adoption of eco-friendly wood protection coatings. |
8.3 Growth in the number of wood protection coating manufacturers in Nigeria. |
8.4 Increase in the number of educational campaigns promoting the benefits of wood protection coatings. |
9 Nigeria Wood Protection Coatings Market - Opportunity Assessment |
9.1 Nigeria Wood Protection Coatings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Wood Protection Coatings Market - Competitive Landscape |
10.1 Nigeria Wood Protection Coatings Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Wood Protection Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |